Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

6. Goodwill and Other Intangibles

Changes in the carrying amount of goodwill for the periods ended September 30, 2013 and December 31, 2012 by reportable segment are as follows (in thousands):


	Bank			Institutional Investment Management		Asset Servicing		Total
Balances as of January 1, 2012	$	144,109		$	47,529	$	19,476	$	211,114
Goodwill disposals during period		(1,356	)		—		—		(1,356	)

Balances as of December 31, 2012	$	142,753		$	47,529	$	19,476	$	209,758

Balances as of January 1, 2013	$	142,753		$	47,529	$	19,476	$	209,758

Balances as of September 30, 2013	$	142,753		$	47,529	$	19,476	$	209,758

Following are the intangible assets that continue to be subject to amortization as of September 30, 2013 and December 31, 2012 (in thousands):


	As of September 30, 2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Core deposit intangible assets	$	36,497	$	31,399	$	5,098
Customer relationships		103,960		51,236		52,724
Other intangible assets		3,247		2,320		927

Total intangible assets	$	143,704	$	84,955	$	58,749


	As of December 31, 2012
Core deposit intangible assets	$	36,497	$	30,403	$	6,094
Customer relationships		103,960		42,399		61,561
Other intangible assets		3,247		2,099		1,148

Total intangible assets	$	143,704	$	74,901	$	68,803

Following is the aggregate amortization expense recognized in each period (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Aggregate amortization expense	$	3,245	$	3,643	$	10,054	$	11,228

Estimated amortization expense of intangible assets on future years (in thousands):


For the three months ending December 31, 2013	$	3,164
For the year ending December 31, 2014		12,146
For the year ending December 31, 2015		9,550
For the year ending December 31, 2016		8,342
For the year ending December 31, 2017		7,098

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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